Common use of EXTRA CONTRACTUAL OBLIGATIONS Clause in Contracts

EXTRA CONTRACTUAL OBLIGATIONS. A. In no event shall Connecticut General be liable for extra contractual damages (whether they constitute Compensatory damages, Statutory penalties, Exemplary or Punitive damages) which are awarded against NASL as a result of an act, omission or course of conduct by NASL in connection with policies subject to this Agreement, unless the Reinsurer shall have received notice of and concurred with the actions taken or not taken by NASL which led to its liability, in which case the Reinsurer shall pay its share of such liability. For this purpose, the Reinsurer's share shall be proportionate with its risk under the business reinsured hereunder.

EXTRA CONTRACTUAL OBLIGATIONS. A. In no event shall Connecticut General be liable for extra contractual damages (whether they constitute Compensatory damages, Statutory penalties, Exemplary or Punitive damages) which are awarded against NASL as a result of an act, omission or course of conduct by NASL in connection with policies subject to this Agreement, unless the Reinsurer Connecticut General shall have received notice in writing of and concurred with the actions taken or not taken by NASL which led to its liability, in which case the Reinsurer Connecticut General shall pay its share of such liability. For this purpose, the ReinsurerConnecticut General's share shall be proportionate with its risk under the business reinsured hereunder.

EXTRA CONTRACTUAL OBLIGATIONS. A. In no event shall Connecticut General be liable for extra contractual damages (whether they constitute Compensatory damages, Statutory penalties, Exemplary or Punitive damages) which are awarded against NASL MNA as a result of an act, omission or course of conduct by NASL MNA in connection with policies subject to this Agreement, unless the Reinsurer Connecticut General shall have received notice in writing of and concurred with the actions taken or not taken by NASL MNA which led to its liability, in which case the Reinsurer Connecticut General shall pay its share of such liability. For this purpose, the ReinsurerConnecticut General's share shall be proportionate with its risk under the business reinsured hereunder.